Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $2,637,400.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $24,450,544.18. This represents a 9.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Airbnb Trading Down 0.4 %

Shares of ABNB opened at $130.80 on Thursday. The company has a market cap of $82.92 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company’s fifty day simple moving average is $135.20 and its 200-day simple moving average is $132.95. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the business earned $2.39 EPS. As a group, analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Victory Capital Management Inc. raised its holdings in shares of Airbnb by 9.4% in the 2nd quarter. Victory Capital Management Inc. now owns 509,168 shares of the company’s stock valued at $77,205,000 after purchasing an additional 43,655 shares in the last quarter. New York Life Investment Management LLC boosted its position in Airbnb by 2.3% during the 2nd quarter. New York Life Investment Management LLC now owns 67,449 shares of the company’s stock valued at $10,227,000 after acquiring an additional 1,520 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Airbnb by 658.1% in the 2nd quarter. Savant Capital LLC now owns 9,560 shares of the company’s stock valued at $1,450,000 after acquiring an additional 8,299 shares during the period. Advisor OS LLC raised its position in shares of Airbnb by 91.7% in the 2nd quarter. Advisor OS LLC now owns 7,044 shares of the company’s stock worth $1,068,000 after acquiring an additional 3,369 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Airbnb by 4.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 47,056 shares of the company’s stock worth $7,135,000 after acquiring an additional 1,845 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Susquehanna increased their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $139.48.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.